Jack Dorsey elected to Walt Disney’s board of directors

The Walt Disney Company announced today that it elected Jack Dorsey, chairman and co-founder of Twitter and CEO of Square, to its board of directors as an independent director, effective immediately.

Robert A. Iger, chairman and CEO of Disney, credited Dorsey with creating “groundbreaking new business in the social media and commerce spaces.”

“The perspective he brings to Disney and its Board is extremely valuable, given our strategic priorities, which include utilizing the latest technologies and platforms to reach more people and to enhance the relationship we have with our customers,” Iger said in a statement.